BNP Paribas Financial Markets grew its holdings in shares of WSFS Financial Co. (NASDAQ:WSFS - Free Report) by 95.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,926 shares of the bank's stock after buying an additional 11,660 shares during the quarter. BNP Paribas Financial Markets' holdings in WSFS Financial were worth $1,220,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in WSFS Financial by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,200 shares of the bank's stock worth $1,419,000 after purchasing an additional 200 shares during the period. Diversified Trust Co raised its stake in shares of WSFS Financial by 2.0% during the second quarter. Diversified Trust Co now owns 11,382 shares of the bank's stock valued at $535,000 after acquiring an additional 225 shares in the last quarter. FMR LLC raised its stake in shares of WSFS Financial by 5.9% during the third quarter. FMR LLC now owns 4,283 shares of the bank's stock valued at $218,000 after acquiring an additional 239 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of WSFS Financial by 41.8% during the third quarter. GAMMA Investing LLC now owns 1,451 shares of the bank's stock valued at $74,000 after acquiring an additional 428 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of WSFS Financial by 9.4% during the second quarter. Profund Advisors LLC now owns 5,273 shares of the bank's stock valued at $248,000 after acquiring an additional 452 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on WSFS. Janney Montgomery Scott reaffirmed a "neutral" rating on shares of WSFS Financial in a research note on Monday, October 28th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $54.00 price objective (down from $58.00) on shares of WSFS Financial in a report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $59.75.
View Our Latest Analysis on WSFS
WSFS Financial Stock Performance
Shares of WSFS traded down $0.35 during trading hours on Tuesday, reaching $58.82. 443,408 shares of the company traded hands, compared to its average volume of 273,974. The stock has a market capitalization of $3.46 billion, a P/E ratio of 13.43 and a beta of 1.06. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.40. WSFS Financial Co. has a 12-month low of $40.19 and a 12-month high of $62.75. The business has a fifty day moving average price of $54.47 and a 200-day moving average price of $51.37.
WSFS Financial (NASDAQ:WSFS - Get Free Report) last posted its earnings results on Thursday, October 24th. The bank reported $1.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.02. The company had revenue of $267.61 million during the quarter, compared to the consensus estimate of $260.35 million. WSFS Financial had a net margin of 18.78% and a return on equity of 10.56%. The firm's quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.23 earnings per share. Equities analysts anticipate that WSFS Financial Co. will post 4.27 EPS for the current fiscal year.
WSFS Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 8th. This represents a $0.60 annualized dividend and a yield of 1.02%. WSFS Financial's dividend payout ratio is presently 13.70%.
About WSFS Financial
(
Free Report)
WSFS Financial Corporation operates as the savings and loan holding company for the Wilmington Savings Fund Society, FSB that provides various banking services in the United States. It operates through three segments: WSFS Bank, Cash Connect, and Wealth Management. It offers various deposit products, including savings accounts, demand deposits, interest-bearing demand deposits, money market deposit accounts, and certificates of deposit, as well as accepts jumbo certificates of deposit from individuals, businesses, and municipalities.
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